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_ ~; <br />G-1 <br />GUIDELINES FOR PRIORTIZATION nF <br />-.:CAPITAL.-IMPROVEMENT PROJECTS <br />, Each°capital~program in thepast has contained"criteria or'other evalua- <br />tion mechanism which have aided greatly in:=determining whether. or not a <br />capital project is necessary, .and if it is necessary where it should <br />be prioritized. No overriding-goals or guidelines, however, were <br />developed regarding pr ioritization_between program areas. The following <br />guidelines are seen 'as meeting this-need and became a major tool in <br />- defining the way New-Brighton views..capital improvements.' Following are <br />the four `'capital ,improvement guidelines that. have been used to priori- <br />t~.z~~ the five-year capital plan. It is noted .that they are listed in <br />.descending order of importance. <br />I. Projects to Protect or Enhance Public Health or Safety'Should Take <br />Precedence Over Projects. of Public Order or Convenience. <br />...:.; <br />Discussion: <br />-This gudei:ine makes explicit that the primarypurpose of city <br />envolvement, in the lives of its citizens is to protect their health, ~' <br />safety and welfare. ,<~hile the phrase health,. safety, and welfare <br />has taken a very broad meaning, various capital projects certainly <br />can be compared as to which projects are more .health and safety <br />orierit~d:'than others. Convenience or order projects are basically <br />'those .that have .,lit=tle or no effect on the remedying, of a public <br />health or safety. problem. ' <br />II, Individual Projects and the Capital Plan as a rr~hole Should be <br />Consistent kith.:the City's Fiscal'Capabilities. <br />Z~. Each. of ahe.City's funds should have adequate operating <br />reserves designated ~rio'r to determining ~=ahat rash is <br />wai,lab~.e`, for capital improvements. <br />~~3. There. should be cash available as of,.January ~.. of the ..year <br />a project is oroposed or revenues guaranteed for receipt <br />during the .year and prorto the date of payment fora <br />project. ~ ` <br />~._ <br />C. -Itshould be a fiscal pol-icy 'of the City not to e~ce~d <br />50 per cent of the statutory net de~at~•in ~ order to have <br />adequate.;bonding..capabili.tie~s in reserve. <br />Discussion <br />Each of the 'elements of theseauidelines• hzs.' been followed in - <br />past,plans. They~'should insure. the availability 'of reserves during <br />emergencies 'and insure the sound overall fiscal standing of the <br />`-City.~'~~beviation.fromthese standards opens the possibility of <br />`severe financial difficulties in .all phases of the City's <br />operation. <br />